Would you buy a buy to let at the moment

Thrugelmir

tartanterra wrote: »

Buying a house.
Buying shares.
Investing in a pension.
Buying a lottery ticket.
Betting on a horse.
Etc., Etc........:D

You call that risk adverse?

Here's a proposition. You work for me 6 months unpaid. If we get the venture up and running. Not only will I pay you the 6 months salary I owe you. I will let you become a founding shareholder in the company and allow you buy 10,000 shares at a 1p a share before institutional investors are allowed to buy in at a valuation of £6.90p a share.

Would you take the risk? Would your partner allow you to take the risk? (on the assumption that you knew me business wise).

tartanterra

Graham_Devon wrote: »

Yup. Such sunny times they can't even lend at the moment.

Tartanterra, haven't seen you around much. But you seem to be even more optimistic than some of our other residents. Can I ask whether you yourself are invested in property?

You can indeed.

The answers yes.

Exocet

Here's another useful link for those aspiring BTLers. Looks like an oportunity maybe?

http://www.imaginehomes.co.uk/

and this...

http://www.jwipb.co.uk/ (The News section seems to stop being updated June 2009).

tartanterra

Thrugelmir wrote: »

You call that risk adverse?

Here's a proposition. You work for me 6 months unpaid. If we get the venture up and running. Not only will I pay you the 6 months salary I owe you. I will let you become a founding shareholder in the company and allow you buy 10,000 shares at a 1p a share before institutional investors are allowed to buy in at a valuation of £6.90p a share.

Would you take the risk? Would your partner allow you to take the risk? (on the assumption that you knew me business wise).

I did work for free to secure my current job. I did it to gain the experience, and was offered a job at the end of it.

StevieJ

Thrugelmir wrote: »

You call that risk adverse?

Here's a proposition. You work for me 6 months unpaid. If we get the venture up and running. Not only will I pay you the 6 months salary I owe you. I will let you become a founding shareholder in the company and allow you buy 10,000 shares at a 1p a share before institutional investors are allowed to buy in at a valuation of £6.90p a share.

Would you take the risk? Would your partner allow you to take the risk? (on the assumption that you knew me business wise).

Not very risky that, I will raise you - sell everything you own to raise say one million in capital and plough it all into a new untried business.

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;

Thrugelmir

tartanterra wrote: »

"Paragon announced an 83 per cent increase in profits for the six months ending March 31"

Looks like the sunny times are here already.


Quick lads! Back to the trenches!!!!!

Better return on owning Paragon shares ( i.e. a bank) than buying property.

Graham_Devon

tartanterra wrote: »

You can indeed.

The answers yes.

Ta. Makes more sense now.

Yet to find someone as optimistic as our residents who's NOT invested....and see's everything as rosy out there

StevieJ

Graham_Devon wrote: »

Ta. Makes more sense now.

Yet to find someone as optimistic as our residents who's NOT invested....and see's everything as rosy out there

I get a feeling that you are a bit cramped in that half owned flat, hope it all works out.

Graham_Devon

StevieJ wrote: »

I get a feeling that you are a bit cramped in that half owned flat, hope it all works out.

You wanna sort out your feelings.

I don't have a flat.

I await your next useless none point piece of ammo

tartanterra

Graham_Devon wrote: »

Ta. Makes more sense now.

Yet to find someone as optimistic as our residents who's NOT invested....and see's everything as rosy out there

It is rosy. I don't have any debt.

Far too many people on here assume that if you have bought to let, you have a BTL mortgage. That's not necessarily the case.